Vancouver, British Columbia: Alset Minerals Corp. (TSXV: ION) (“Alset” or “the Company”) is pleased to report that the phase one drilling program at La Salada salar in Zacatecas, Mexico has been completed. This is the first of 13 salars that will be tested. Alset has a 100% interest in 13 salars covering an area of approximately 4,500 hectares, all within 100 kilometres of the city of Zacatecas.

Highlights of Drilling

Grid completed over La Salada salar with 1 deep hole (see Company news release dated 15 May 2017) and 40 auger holes over the majority of known surface salar extent;

38 brine and 428 soil samples recovered;

High of 27,300 mg/L potassium (K) in near surface brine with an average of 12,718 mg/L;

High of 40,000 mg/L sulphate (SO4) in near surface brine with an average of 16,594 mg/L;

High of 1,860 ppm lithium (Li) in soil with an average of 724 ppm;

High of 6.45% of potassium (K) in soil with an average of 3.73%;

Low exploration costs due to infrastructure (roads and power) around the La Salada salar.